Elon Musk’s xAI seeks $4.3 billion in equity funding
The company faces rising expenses linked to hardware, computing power, and skilled staff
Nissan launches third-generation Leaf to revive EV strategy
The new model will go on sale in the United States in the autumn, followed by other markets
Rolls-Royce seeks entry into narrowbody aircraft market
CEO of Rolls-Royce says the company seeks partners to enter the narrowbody aircraft market, with no new plane expected before 2035
Adobe adds social media-ready AI image generation to phones
The app is now available on iOS and Android and includes Adobe’s own AI model along with Ideogram, Luma AI, Pika, and Runway
Oil prices rise amid Iran-Israel tensions but infrastructure stays intact
Brent crude rises $1.49, or 2.03%, to $74.72 a barrel, while U.S. West Texas Intermediate crude climbs $1.28, or 1.78%, to $73.05.
Dollar dips slightly as yen firms after BOJ policy decision
Dollar is down about 0.1% at 144.65 yen
Global oil demand to peak by 2029 as China hits 2027 high
International Energy Agency cites lower gasoline prices and slower EV adoption in the US as factors supporting demand growth
76% of central banks plan to raise gold and cut dollar reserves, Survey shows
A record 95% of respondents believe global central bank gold holdings will increase in the next 12 months
US Senate Republicans revise Trump tax bill with permanent business tax breaks
Senate Republicans want to keep the current $10,000 cap on state and local tax deductions, down from the $40,000 cap in the House version
Chinese automakers take lead in global zero-emission vehicle market, says report
ICCT report says China leads as electric vehicle sales exceed 11 million units a year, over half of global EV sales
G7 leaders agree on strategy to protect critical mineral supply
The draft says minerals markets should reflect the real costs of responsible extraction, processing, and trade of critical minerals
Ecuador reopens mining registry after seven-year suspension
The previous registry was closed in 2018 due to concerns over irregularities in the concession system
OpenAI secures $200 million deal with U.S. Defence Department
Pentagon says the company will create prototype frontier AI systems for use in both military operations and administrative functions
MoneyGram settles New York remittance case with $250,000 payment
New York Attorney General says MoneyGram delayed transfers, failed to inform senders, and mishandled complaints
EU rejects reports of accepting broad 10% U.S. tariff
The Commission says negotiations with the United States are still ongoing and no agreement has been reached